Crypto
Solana Price Hits Decision Point at Key Support Zone
Solana (SOL) is trading at around $73.89 today, down 0.11% over the past 24 hours.
The token has been stuck in a tight range, and traders are watching closely to see which way it breaks.
Crypto analyst Ted Pillows pointed out that SOL is going sideways while spot markets sell, indicating a possible distribution phase where bigger holders slowly sell their coins into the market before a larger move down.
The daily chart shows SOL trading inside a falling channel within an older ascending channel that dates back to March. Price got rejected near the top of this larger channel in July, close to $95.